A Step-by-Step-Guide on how to buy Obyte (GBYTE)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Obyte (GBYTE) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Obyte (GBYTE) Once your deposit has been affirmed, you will instantly have access to your assets and you can launch buying and trading. To buy Obyte (GBYTE) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to discover Obyte (GBYTE), you will need to put the short name of the asset (GBYTE) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “GBYTE/BTC” to continue.
Step 4 – Purchasing Obyte (GBYTE) After you have found Obyte (GBYTE), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Obyte (GBYTE) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of GBYTE you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of GBYTE. If you're happy, make a mouse click on “Buy GBYTE”. Your order will be filled when a Seller trades their GBYTE for the price you offered.
Step 5 – Withdraw Obyte (GBYTE) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To withdraw your Obyte (GBYTE), go to the tab called “Funds” and mouse click on “Withdraw”. Obyte (GBYTE) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Obyte (GBYTE) by using the provided drop-down box. Enter the quantity of Obyte (GBYTE) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.